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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (64013)	9/7/1998 7:35:00 PM
From: Joe Sabatini	Read Replies (1) \| Respond to of 176387

I for one think selling covered calls is great idea. I bought 100 Dell at 117 13/16 after earnings. I immediately sold one SEP 120 contract for $750. If Dell is below 120 on expiration, that will be fine with me. I'll happily sell some October calls. I get to lower my risk and have the potential of making very signifcant percentage gains in a relatively short time frame. Of course, your stock has to cooperate by not cratering, but I don't think I have to worry too much about Dell. I sleep better at night by selling covered calls. Joe S.